Urea-Formaldehyde: Global Strategic Business Report

Global Urea-Formaldehyde Market to Reach $15.8 Billion by 2030

The global market for Urea-Formaldehyde estimated at US$11.3 Billion in the year 2022, is projected to reach a revised size of US$15.8 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Particle board, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Plywood segment is readjusted to a revised 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 6.9% CAGR

The Urea-Formaldehyde market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 43 Featured) -

• ARCL Organics Ltd.
• BASF SE
• Borealis AG
• ChemiplastiCA SpA
• ChimiCA Pomponesco S.P.A.
• Georgia-Pacific Chemicals LLC
• Hexion Inc.
• Hexza Corporation Berhad
• INEOS Group
• MRI Company

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and the publisher's Research Platform
• Complimentary updates for one year